WaveTrack International

Elliott Wave Financial Price Forecasting

DAX hasnt completed its upswing

by m.tamosauskas| August 23, 2013 | No Comments

07_Dax130823

I think this chart summarizes the current stock market condition – U.S. markets have started their counter-trend rebound whilst European markets haven’t finished their five wave sequences. The Dax quickly recovered from last week’s low and is now on its way to ultimate upside objectives at 8645.55 to finalise a five wave expanding-impulse sequence from the June ’12 low of 5914.43. Hopefully, U.S. during that time will be able to complete wave ‘B’ or ‘X’.

Category: Dax 30

Some serious drop overnight (India)

by m.tamosauskas| August 21, 2013 | 4 Comments

11_CNX Nifty 50_130821

Back from holidays 🙂 As I can see, weak markets started to roll over. Hope all of you stayed safe, but don’t fall asleep – a buying opportunities are clearing up. India is showing extreme weakness. A dramatic sell-off during the last days has brought India’s Nifty already into min. original downside targets at 5282.30. Normally, a reversal signature would now be expected to initiate upside acceleration in the months ahead. However, the substructure of the downswing from this year’s high of 6229.45 so far is incomplete. Moreover, the correlation with most other U.S., European and Asian indices suggests a sustained devaluation lies ahead. All combined, the probability clearly favours a continuation lower. The cut-off point to differentiate between the scenario depicted in the former issues and the one proposed in this chart is 5191.90 – acceleration below there would validate a much larger downswing to 4531.15+/- in the months ahead. This implies a modification of the entire pattern from the Nov.’10 high of 6335.90.

Category: India-CNX Nifty 50

S&P 500 medium-term analysis (Annual Holiday)

by m.tamosauskas| August 2, 2013 | No Comments

01_sp130802

Here we go – I am leaving the office for the next two weeks for my annual holidays. It could be that I will miss a lot of action on the market, because it seems that topping process in most of the stock indices is approaching completion. Would like to leave with a bigger picture on S&P 500. There wont be any updates for the next two weeks but I want to remind that EW-Compass team will be working and publishing reports as usual, twice a week. Good luck!

Category: S&P 500

Gold and Silver Update

by m.tamosauskas| July 31, 2013 | No Comments

Gold and silver has accelerated down since we did the last video update. Our team has prepared an updated video analysis on precious metals which is accesable here on our Youtube channel.

Category: Gold, Silver

Hang Seng on a cliff!

by m.tamosauskas| July 26, 2013 | No Comments

10_HangSeng130726

We just wanted to share a perfect inflection point for the Hang Seng index:

Last week’s high of 22034.38 is a perfect spot for a possible reversal. This is because original upside objectives basis a fib. 61.8% retracement towards 22106.37 are very close and a fib. 61.8% extension of the initial 19426.36-21004.56 advance pinpoints the achieved high (see inset). Once the reversal has occurred, it will confirm the completion of the counter-trend rally from 19426.36 and initiate declines towards 17100.00+/- during the next months. This forecast is revised only above 23944.74.

Category: Uncategorized

DJ Utilities

by m.tamosauskas| July 24, 2013 | No Comments

04_dj_utilities130724

A short-term reversal signature has already occurred pulling prices lower almost 2%. This significantly increases the probability of a completion of the entire counter-trend swing from 462.60 at this week’s high of 509.20 which would confirm downside continuation during the next several weeks ahead, with ultimate objectives measured to 421.50-15.58. However break above 509.20 will trigger additional upside to 516.90.

Category: DJ Utilities

New all time high, what’s next?

by m.tamosauskas| July 19, 2013 | No Comments

01_sp130719

With a break above the May high of 1687.18, this count has been promoted to ‘preferential’ status. It advocates limited upside potential from current levels towards idealised targets at 1706.52. Await a reversal from there to confirm the completion of the June ’13 advance and initiate declines in the weeks ahead. Ultimate downside is then projected towards 1514.43-14.09 to finalise the larger counter-trend sequence in progress from the May high. This forecast is revised by acceleration above 1706.52.

Category: S&P 500

Alternative S&P 500 count

by m.tamosauskas| July 17, 2013 | No Comments

02_sp130717a

This count will be promoted to ‘preferential’ status should the S&P continue higher and break above the May high of 1687.18. It would trigger immediate upside potential to 1706.52 during the next trading days – a reversal from there would initiate a larger downswing to 1514.43-14.09 in the weeks ahead to finalise the larger ‘expanding flat’ sequence that dates back to the May high.

Category: S&P 500

DAX is also quickly approaching its ultimate upside targets

by m.tamosauskas| July 12, 2013 | No Comments

08_Dax130712

Another market indicating about limited upside potential during the next several days. With additional upside during the latter half of last week, the Dax has traded into the 8199.51-8283.13 area. This sets the stage for a reversal signature from current levels that would confirm the completion of the counter-trend upswing from the June low of 7655.83 and initiate declines in the weeks ahead with unchanged downside objectives measured to 7431.43-7336.92.

Category: Dax 30

Back to regular update schedule :)

by m.tamosauskas| July 10, 2013 | No Comments

04_dj_utilities130710

This time about DJ Utilities index – this special feature depicts the wave sequence for the Dow Jones Utilities Average from the late April high of 537.80. As the decline from there into the June low of 462.60 unfolded into a clearly discernible five price-swing sequence, it prevents us from thinking about sustained upside potential from current levels – remember that a five wave pattern (unless it is not part of a larger flat structure) requires another five wave sequence to exceed the previously established price extreme.

Category: DJ Utilities
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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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